Canada’s opposition parties are threatening to defeat the Conservative government over cuts to political party subsidies included in Finance Minister Jim Flaherty’s economic update.
Flaherty says the federal budget will go into deficit after accounting for the planned economic stimulus spending agreed by the G-20 nations.
We cannot ask Canadians to tighten their belts during tougher times without looking in the mirror. Canadians have a right to look to government as an example. We have a responsibility to show restraint and respect for their money. Canadian tax dollars are precious … Today, our Government is eliminating the $1.75-per-vote taxpayer subsidy for politicians and their parties, effective April 1, 2009.
– Finance Minister Jim Flaherty